this is right
it’s about probabilities (isn’t everything, in trading?)
but you have the principle right, certainly
in practice, they’re difficult to interpret, and i do think it’s probably significant that Bulkowski (the widely acclaimed/accredited “arch-guru” of chart patterns) doesn’t think much of them
but i may be biased by always having found them very difficult, myself
these threads may help you:
The falling and rising wedge patterns occur frequently and play out as expected more often than not. However, you should avoid trading any and every wedge pattern that you see on the chart. It is best to make sure there is context for the pattern to play out as expected.
The wedge patterns have a higher probability when combined with Supply and Demand.
Having a falling wedge terminate at a demand zone or a rising wedge terminate at a supply zone is a strong confluence.
Falling wedge terminati…
Hello there, traders!
Here are some educational chart patterns that you should be aware of in 2022 and 2025.
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What Is a Wedge?
A wedge is a price pattern on a price chart that is defined by converging trend lines. The two trend lines are drawn to connect the highs and …
Please see this pattern from babypips school.
Rising Wedge:
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and
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[I]In this first example, a rising wedge formed at the end of an uptrend. Notice how price action is forming new highs, but at a much slower pace than when price makes higher lows.
See how price broke down to the downside? That means there are more forex traders desperate to be short than be long!
They pushed the price down to break the trend line, indicating that a downtrend may be in the cards
Read more: H…
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